For all you Bank stock fans out there.
I'm not saying you are wrong, but this is the trend you
are calling a turn on.

Melnibone.

This is interesting.
Remember a few weeks ago when I said that in a ranging market, when the
20ma went down through the 40ma it seemed to signal that the current
low was in and vice versa.

Well, if we are still in a ranging market then we are just doing it now.

Also, although the swing chart is saying down and we should be looking
to short a pop and bearing in mind that I reckon it gives false signals
at ranging market extremities.
Take a look at the last bars and pretend we are making a swing low and
looking to buy a dip.
Guess what, we would have been given the signal on Friday. :-)

Now then. Are we still in a ranging market or in a Bear trend?

Over to you guys. :-))

Melnibone.